As of January 2024, the number of transactions of residential flats in Batumi has decreased by 22% up to 1,069 units. The market size has declined by 20% standing at USD 46 millions.
Residential
02.2024
In January 2024, the number of transactions of newly-built flats has decreased by 17% year over year, while a 49% YoY decline rate has been observed in the case of old flats.
Residential
02.2024
In January 2024 the weighted average price of newly-built flats in Batumi increased only by 1% equaling USD 932 per sq m, while the figure for old flats recorded a 7% increase up to USD 718 per sq m.
Residential
02.2024
As of January 2024 the weighted average price of newly-built flats in Tbilisi has increased by 8% in the suburbs, while the figure declined by 2% in the wide and city centre.
Residential
01.2024
In 2023 in Batumi the number of transactions in new projects decreased by 8%. The figure for old flats features a 15% decrease compared to 2022.
Residential
01.2024
In 2023, in Batumi the number of transactions of residential flats amounted to 15,826 units, reflecting 9% YoY decrease. Market size also decreased by 6% standing at USD 690 millions.
Residential
01.2024
In 2023 the number of transactions in new projects decreased only by 4%. The figure for old flats features a 16% decrease compared to December 2022.
Residential
01.2024
In 2023, in Tbilisi the number of transactions of residential flats amounted to 41,061 units, reflecting 8% YoY decline. However, market size increased by 5% standing at USD 2.5 billions.
Residential
01.2024
In 2023, the weighted average price of newly-built flats in Batumi has increased by 13% compared to 2022, while in the case of old flats 8% growth was witnessed.
Residential
01.2024
In December 2023, in Batumi the number of transactions of residential flats amounted to 1,203 units, reflecting 33% YoY decrease. Market size also decreased by 31% standing at USD 55 millions
Residential
01.2024
In 2023, the weighted average price of newly-built flats in Tbilisi has increased by 17% YoY in the suburbs, while a 12% and 15% increase was observed in the wide and city centre.
Residential
01.2024
In December 2023 in Batumi the number of transactions in new projects decreased by 33%. The figure for old flats features a 35% decrease compared to December 2022.
